GBPUSD Awaiting Bullish Confirmation
Updated
Time = 4H
– Structure = Downtrend
– Pattern = Double top
– Tendency = Uptrend
– 4H Candle retests 0.5 Fibonacci Support.
– EMA 50 day is above the price, offering resistance just at the 1.25 handle
WAIT FOR A BULLISH CONFIRMATION
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
– Structure = Downtrend
– Pattern = Double top
– Tendency = Uptrend
– 4H Candle retests 0.5 Fibonacci Support.
– EMA 50 day is above the price, offering resistance just at the 1.25 handle
WAIT FOR A BULLISH CONFIRMATION
-----------------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
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